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Insights into the application of risk tools and techniques by construction project managers

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dc.contributor.authorJepson, J.
dc.contributor.authorKirytopoulos, K.
dc.contributor.authorLondon, K.
dc.date.issued2020
dc.description.abstractThis study analyses the practical application of risk management tools by project managers in their construction projects. Using a grounded theory approach we applied purposive sampling to select 25 Australian construction project managers to identify tools utilised to analyse risk and tool preferences. Themes were developed though analysis of the in-depth interviews usingQSR-NVivo11. The results indicate that the most common methods are within the look-up and supporting methods categories, followed by the evaluation and scenario methods. There is poor utilisation of statistical methods, due to the uniqueness of projects, the lack of data and time pressure on projects. The results were consistent across project managers; irrespective of project size, type of organisation or experience. However, more experienced project managers rely lesson evaluation tools. The research provides evidence that many of the tools promoted by the risk standards/associations do not seem to reflect current project manager practice. The implication is that more effort should be given to appreciating the risk tools that are appropriate for projects and the importance of transferring and spreading experience among PMs.
dc.identifier.citationInternational Journal of Construction Management, 2020; 20(8):848-866
dc.identifier.doi10.1080/15623599.2018.1494673
dc.identifier.issn1562-3599
dc.identifier.issn2331-2327
dc.identifier.urihttps://hdl.handle.net/11541.2/134836
dc.language.isoen
dc.publisherTaylor & Francis
dc.rightsCopyright 2018 Informa trading as Taylor & Francis Group Access Condition Notes: Accepted Manuscript available after 1st September 2020
dc.source.urihttps://doi.org/10.1080/15623599.2018.1494673
dc.subjectrisk management
dc.subjecttools and techniques
dc.subjectconstruction
dc.subjectgrounded theory
dc.titleInsights into the application of risk tools and techniques by construction project managers
dc.typeJournal article
pubs.publication-statusPublished
ror.fileinfo12167134010001831 13172279810001831 9916237901801831_12167134010001831_9916237901801831_Postprint_Tools Article IJCM
ror.mmsid9916237901801831

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